Nucor (NUE)

Add a New Bears Reason Company: Nucor (NUE) Current price: Headline: (100 character max) Analysis: Cancel 50% agree 2 votes   Economic slowdown has decreased demand for steel Top Contributor: Charles Colon | Created when NYSE:NUE was $59.93 | Edit | History Recent turmoil in the U.S. Housing Market, including the subprime credit crisis and continuing troubles in the U.S. Auto Industry has led to decreased demand for steel. (100 character max) Cancel 50% agree 2 votes   High costs could drive up prices even further Top Contributor: Charles Colon | Created when NYSE:NUE was $59.93 | Edit | History Nucor relies on scrap steel for its production. Historically high scrap steel prices have persisted through 2006 and global demand for scrap steel may continue to increase which could drive prices up even further. (100 character max) Cancel 50% agree 4 votes   Imports from China hurting the domestic market Top Contributor: Charles Colon | Created when NYSE:NUE was $59.93 | Edit | History Continuing imports of foreign steel, especially from China , has led to further decreases in demand for domestic steel. (100 character max) Cancel

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